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The recent history of central bank digital currencies (CBDCs) has been marked by continuous exploration and development.By March 2024, over 130 countries were actively engaged in CBDC research with 3 countries, territories or currency unions having launched CBDCs, and 36 implementing pilot programs.
Although the term "CBDC" did not become widely used until after 2019, central banks have researched and launched digital currency projects for decades. For example, Finland's central bank issued the Avant stored value e-money card in the 1990s. [22] In 2014, the Chinese central bank began researching the idea of issuing a CBDC. [23]
Since 2017, prospect of implementing Central Bank Digital Currency (CBDC) has been in discussion. [66] As of the end of 2018, at least 15 central banks were considering to implementing CBDC. [67] Since 2014, the People's Bank of China has been working on a project for digital currency to make its own digital currency and electronic payment systems.
Following the long-awaited Fed discussion paper about the pros and cons of a potential U.S. central bank digital currency (CBDC) on Jan. 20, Bank of America economic analysts said they anticipate a...
The Reserve Bank of Australia (RBA) is to explore use cases for a central bank digital currency (CBDC) in "limited-scale" pilot alongside the Digital Finance Cooperative Research Centre (DFCRC).
On 5 October 2022 the Fintech Department of RBI released a concept note to create awareness on CBDC and the planned features of upcoming Digital Rupee (e₹). [6] [39] The structure of Digital Rupee will be either token-based or account-based. For a token-based CBDC, it will act closer to physical cash and able to perform retail transactions.
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The legal history of cannabis in the United States began with state-level prohibition in the early 20th century, with the first major federal limitations occurring in 1937. Starting with Oregon in 1973, individual states began to liberalize cannabis laws through decriminalization .